At the Handelsblatt Bank Summit, the big issues in the industry will be discussed.
Frankfurt The current threat of inflation, fear of recession and rising key interest rates are dividing the top bankers. In view of the high inflation, Deutsche Bank CEO Christian Sewing is calling for resolute monetary policy countermeasures.
A historic meeting of the European Central Bank is scheduled for Thursday. The markets expect that the central bank will dare to raise interest rates by 0.75 percentage points in the fight against inflation. It would be the biggest move in central bank history.
Sewing assumes that the German economy has enough resilience to cope with the expected recession. “But that requires the central banks to act quickly and decisively,” he emphasized at the Handelsblatt bank summit.
Unicredit boss: key interest rate should level off at two percent
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